• Understand Trend & Momentum
Understand How To Read Nexgen's Trigger Lines.
Last updated
Understand How To Read Nexgen's Trigger Lines.
Last updated
The background color changes to GREEN when the smaller trigger lines intersect and cross over the larger trigger lines while remaining ABOVE the larger ones; the background color will be displayed as GREEN.
The background color changes to RED when the smaller trigger lines intersect and cross under the larger trigger lines while remaining BELOW the larger ones; the background color will be displayed as RED.
Odds Favorable Momentum occurs when both sets of triggers are appropriately positioned and either wide or expanding. This alignment indicates a higher likelihood of sustained momentum in the market.
When small triggers are positioned ABOVE the large triggers; this configuration indicates a high probability that the prevailing trend will persist, making it a suitable time for long-trend trades.
When small triggers are positioned BELOW the large triggers; this configuration indicates a high probability that the prevailing trend will persist, making it a suitable time for short-trend trades.
When the small trigger is positioned INSIDE the large trigger, but no Fibonacci areas have been reached, it suggests a high likelihood of trend continuation. In such instances, both triggers exhibit a crossing pattern while trending within each other. This configuration commonly occurs when the market breaks through Fibonacci areas during an extended trend.
When the Trigger Lines align with or reach the Fibonacci levels, it signifies a higher probability of the trend coming to a halt. This occurrence suggests that the prevailing trend will likely experience a pause or potential reversal.
